Qatar Hydrocarbon Revenues Holding Firm in Q2 Despite Outages

Preliminary figures indicate that Qatar’s export revenues are on track to dip slightly in Q2, although they will still record a sizeable year-on-year gain (see charts 1 and 2). However, this is based on April and May data and therefore doesn’t factor in the impact of trade and logistical sanctions imposed by neighboring states, this trend is likely to hold (see p13 ).

Qatar may be forced to reduce the prices of its hydrocarbon exports slightly due to a risk premium in order to attract potentially concerned buyers, but the impact should be relatively minimal. Qatar prices may also fall due to logistical difficulties stemming from measures regarding co-loading and bunkering in Emirati and Saudi ports, although these seem to be reducing ( MEES, 16 June ). (CONTINUED - 664 WORDS)


chart Oil And Gas Dominate Qatar’s Export Revenues ($Bn)
chart ...As Quarterly Revenues Show Sizeable Year-On-Year Gains ($Bn)
chart Qatar Refinery Intake* (‘000 B/D)
chart Ras Laffan 2 Start Up Boosts Products Exports At Start Of 2017, Before Pearl, Ras Laffan 1 Outages